Regarding the steel price of Baotou Steel, what is the listing price? Does the listing price change every day? What is the relationship between the settlement price, guidance price and ex-factory price of Baotou Steel? The listing price should be the trader's price, following the market fluctuation, just like a stock, rising 20 today and falling 20 tomorrow.

Steel mills will set a price every month for traders, agents and users to order.

The ex-factory price of some steel mills will be adjusted with the fluctuation of market conditions. For example, at the beginning of the month, the price is 5000, and at the end of the month, it will be lowered 100, which is 4900. This 4900 should be the settlement price, and it is also the actual price of steel mills and agents.

I didn't notice the guide price, huh?

Ex-factory price once a month, some steel mills will follow the market, and there will be ex-factory price settlement.